Trade Unions are up in arms against Modi 2.0’s disinvestment move

NITI Aayog has come up with a comprehensive list of over 40 CPSEs for disinvestment

The Modi government is facing strong backlash from the trade unions across India including Rashtriya Swayamsevak Sangh (RSS) backed Bhartiya Mazdoor Sangh over its ambitious disinvestment target worth Rs 1.05 lakh crore.

The Modi 2.0 government in the Union budget had announced to disinvest several public sector enterprises, those are sick.

The NITI Aayog has come up with a comprehensive list of over 40 CPSEs for disinvestment and the most surprising factor is that the list includes even profit-making entities as well.

The protest has already begun across the country backed by Left-wing trade unions, that has warned of a mega nationwide strike while the RSS backed Bharatiya Mazdoor Sangh has said it won’t accept any compromise on the issue of disinvestment.

Trade unions in around a dozen central public sector enterprise across the country are up in arms against the decision of central government over the strategic phased sale of the less earning, sick PSU’s across the country. The trade unions have alleged that the Modi government is working to bringing down the stake of government in PSU’s below 51 per cent.

Railway employees in PM Narendra Modi’s constituency Varanasi have issued an ultimatum of 15 days to the government to mull over the decision of privatisation of rail coach factories.

Similarly, workers at the Kapurthala rail coach factory in Punjab, Chittranjan Locomotive works in West Bengal and Salem Steel Plant in Tamil Nadu are up in arms against the disinvestment move of the union government.

Some of the well-known CPSEs lined up for sell-off include National Thermal Power Corporation, Bharat Earth Movers, Steel Authority of India, Bharat Heavy Electricals, Air India and Mahanagar Telephone Nigam.